HOCHDORF Holding AG / Key word(s): Restructure of Company
22.11.2013 07:10
Release of an ad hoc announcement pursuant to Art. 53 KR
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Hochdorf, 22 November 2013 - The HOCHDORF Group is simplifying its
organisation and will be structured into the business areas of milk
derivatives, baby care and cereals & ingredients in the future. The current
sales companies will be merged into HOCHDORF Nutritec Ltd.
On 12 September the HOCHDORF Group oriented, that its organisational
structures will be adapted to future requirements and greatly simplified.
We can reveal details of this restructuring programme now.
Organisation with three business areas
The HOCHDORF Group continues to exist as a holding company, but its
structures will be significantly simplified. The previous division into
development and sales companies as well as a production company will no
longer apply. The sales companies will now be merged into HOCHDORF Nutritec
Ltd. and it is likely that the new name will be 'HOCHDORF Ltd.'. Once this
change has been implemented HOCHDORF in Switzerland will essentially
consist of the three business areas milk derivatives, baby care and cereals
& ingredients.
Direct management
The new organisation simplifies the HOCHDORF Group's process and setup
structure. The managers of the current sales companies will take on
responsibility for their business area. Compared to the old organisation
they will hold complete responsibility for costs in their area in the new
organisation. Greater cost transparency will improve the quality of
decision making and simplify the ongoing efficiency drive. In the new
organisation, areas of universal importance, such as production &
logistics, services/IT or purchasing, all likewise report directly to the
CEO.
Implementation as of 1.1.2015
'The implementation of the new organisational structure is already
underway, but it will be an ongoing process throughout the 2014 business
year. Adapting our ERP will involve the most work,' explains Dr Thomas
Eisenring, CEO of the HOCHDORF Group. The new structure streamlines many
processes and so reduces duplication. The related reduction in staffing
levels will be largely covered by natural fluctuations. The new
organisation comes into effect as of 1.1.2015.
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Information and Explaination of the Issuer to this News:
The HOCHDORF Group, based in Hochdorf, achieved a consolidated gross sales
revenue of CHF 346.6 million in 2012. It is one of the leading foodstuff
companies in Switzerland, employing 381 staff as of 31.12.12 (356 full-time
staff). Made from natural ingredients such as milk and wheat germ, HOCHDORF
products have been contributing to our health and wellbeing since 1895 -
from babies to senior citizens. Its customers include the food industry and
the wholesale and retail sectors and its products are sold in around 80
countries. The shares are traded on the SIX Swiss Exchange in Zurich (ISIN
CH0024666528).
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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=BDIEVGYBLH
Document title: HOCHDORF Group press release: Details of the new
organisation
22.11.2013 News transmitted by EQS Schweiz AG.
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Language: English
Company: HOCHDORF Holding AG
Siedereistrasse 9
6281 Hochdorf
Switzerland
Phone: +41 41 914 65 65
Fax: +41 41 914 66 66
E-mail: hochdorf@hochdorf.com
Internet: www.hochdorf.com
ISIN: CH0024666528
Valor:
Listed: SIX
End of Announcement EQS Group News-Service
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